Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Q-Gold Resources Ltd.

Publié le 11 juin 2009

Crown King, Arizona Gold Assays

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Copper | Precious Metals | Zinc |
June 11, 2009
Q-Gold Resources - Press Release


Q-Gold Announces Crown King, Arizona Gold Assays


FORT FRANCES, ONTARIO-(June 11, 2009) - Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) (http://www.qgoldresources.com) is pleased to announce that it has executed a Mineral Processing Agreement with private parties entitling the Corporation to the exclusive right to process an estimated 100,000+ tons of stacked surface material which emanated from the historic Crown King Gold/ Silver Mine in the Bradshaw Mountains of Yavapai County, Arizona (the "Deposit").

According to historical reports, the Crown King Mine was one of the richest of over 2,000 gold and silver mines that existed in the Bradshaws from 1870 to 1912, when World War I terminated most mining activities. By 1920, over 400 million Dollars worth of gold and silver bullion reportedly had been shipped from Crown King (with gold value at $20.67/ ounce and silver at $1.08/ ounce). Although early production records are difficult to obtain (Arizona only became a U.S. state in 1912), U.S. Geological Survey Bulletin 782, Ore Deposits of the Jerome and Bradshaw Mountains Quadrangles, Arizona (1926), Waldemar Lingren, Author, on p. 168, contains the following quotation: "The Crown King group of eight claims, which has yielded a higher (bullion) production than any other deposit in the (Pine Grove) District. The figure given is $1,200,000". In 1904, a narrow gauge railroad was completed to permit shipment of Crown King ore and concentrates from the mountains to the valley below for processing. This data is not compliant with the requirements of NI 43-101 and is therefore unreliable. As a result, no verifiable ore reserve or mineral resource estimates can be provided for the properties at this time.

Q-Gold's agreement, in return for a cash payment to owners, allows the Corporation to process all mineral materials in the Deposit, which is located on the "Buckeye" Federal Patent that contains the original 1870 gold/ silver discovery shaft at Crown King. The agreement contains a primary processing term of 15 years and one 5-year extension by paying owners five annual advance royalty payments of $25,000 each, which are deductible against a future 1 1/2% net smelter return production royalty, one-half of which is purchasable by Q-Gold for US$ 500,000.

Q-Gold has initiated a trenching and drilling program to test the Deposit. Results from composite vertical channel samples taken on 8 trenches recently dug with a backhoe in the Deposit averaged 7.00 Au grams/ tonne (g/t) and 31.23 Ag g/t, and are detailed as follows. In addition a grab sample from the surface of trench 8 was assayed. Results are as follows:



Art Smith, Geo., consulting geologist and a "qualified person" under NI 43-101, supervised the trenching, sampling and assaying program detailed above and has reviewed and approved the technical content of this portion of this press release.

The Corporation is currently participating in a drilling and sampling program, which will determine average depth and grade of the Deposit, and provide composite samples for further metallurgical analysis and process evaluation.

Q-Gold also announced that, in addition to the ten (Federal) patented mining claims and three U.S. Bureau of Land Management ("BLM") mining claims it optioned last year (see press release dated March 26, 2008), the Corporation, it has acquired options on 3 additional patents at Crown King as well as 3 BLM mining claims in the Pine Grove and Tiger Mining Districts of Yavapai County. The Corporation now holds options on 13 patents and 6 BLM mining claims. Seven historical gold and silver mines are now included in the Company's optioned properties in Crown King's principal historical gold and silver producing units, the "Crown King", "Tiger", "Grey Eagle" and "War Eagle" quartz veins.

In view of the favourable outlook for precious metals prices, Q-Gold intends to focus its attention to existing mines with near-term development potential contained within its gold and silver properties at Mine Centre, Ontario and Crown King, Arizona, while holding its remaining Arizona copper properties for an improvement in the price of copper as the world's economies recover. The Corporation therefore announced that, in conjunction with a mid-year exploration review of its Arizona properties and in view of the dramatic reduction in the copper price over the past year, it has dropped its option on the "Courtland East" coppery porphyry prospect in Cochise County, Arizona (see press release dated October 23, 2008) and renegotiated its package of three Arizona copper prospects (see press releases dated May 27 and August 26, 2008) to obtain more favourable purchase option terms.

At Mine Centre, Ontario, after reviewing its exploratory holdings, the Corporation sold the Iron Ridge (Titano-magnetite) Prospect containing 5 Crown mining claims totalling 1,520 acres, to a private party for cash.

Q-Gold also announced the resignation of Mark Greasley as Director of the Corporation.

About Q-Gold Resources Ltd.

Q-Gold is a Canadian-based mineral exploration company currently exploring for precious and base metals and platinum group elements on its extensive Ontario holdings in the historic Gold Camp at Mine Centre of 32,585 acres, including 5 historic gold mines. It also has options on 4,796 exploratory acres in the Rainy River Greenstone Belt. In addition, the Corporation holds options on six historic gold and silver mines near Crown King, Arizona and four prospective copper porphyries and one copper / zinc prospect in Arizona.

For all future Q-Gold investor relations needs, investors are asked to visit the Q-Gold IR Hub at http://www.agoracom.com/IR/Q-Gold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to email all questions and correspondence to QAU@agoracom.com where they can also request addition to the investor email list to receive all future press releases and updates in real time.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially form the Company's expectations and projections.

SEC 12g 3-2(b) Exemption # 82-4931

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:
Q-Gold Resources Ltd.
Corporate Inquiries
J. Bruce Carruthers II
President
1-888-779-0166
Website: http://www.qgoldresources.com

or

AGORACOM Investor Relations
Investor Relations
Email: QAU@agoracom.com
Website: http://www.agoracom.com/IR/Q-Gold


   
   
FEATURED LINKS

Q-Gold Resources Web Site

Q-Gold Resources IR HUB


   


Contact Us

.




. <

Q-Gold Resources Ltd.

EXPLORATEUR
CODE : QGR.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Q-Gold Res. est une société d’exploration minière d'or basée aux Etats-Unis D'Amerique.

Q-Gold Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont FOLEY, CROWN KING, RAY, TROY, PINAFORE et MINE CENTRE au Canada.

Q-Gold Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 891 450 CA$ (712 761 US$, 668 712 €).

La valeur de son action a atteint son plus haut niveau récent le 30 octobre 2009 à 9,61 CA$, et son plus bas niveau récent le 15 septembre 2023 à 0,01 CA$.

Q-Gold Res. possède 25 470 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Q-Gold Resources Ltd.
29/08/2012Revises Private Placement Terms
26/08/2011Announces Closing of Private Placement
18/08/2008Closes Over Subscribed Private Placement
26/06/2008Announces Agreement for Private Placement Financing
Projets de Q-Gold Resources Ltd.
14/03/2013(Crown King)Additional Exploration at Crown King
18/10/2012Encounters High-Grade Gold
22/09/2011(Mine Centre)Drilling Update
08/07/2011Q-Gold Announces High Grade Arizona Gold and Silver Assays
08/06/2011Q-Gold Announces 2011 Exploration Program for the Farewell a...
19/02/2010(Mine Centre)Joint Venture Explores Extension Of The Mine Centre Gold/ Si...
02/11/2009(Mine Centre)Extends high-grade Mine Centre
15/09/2009(Mine Centre)More High-Grade Gold Values
18/08/2009(Mine Centre)gold zone drilling program at Mine Centre, Ontario
31/07/2009(Mine Centre)More Gold Values From the Baseline Vein at Mine Centre
22/07/2009(Mine Centre)Additional Gold Assays at Mine Centre, Ontario
19/06/2009High-Grade Gold Assays at Mine Centre, Ontario
31/01/2008Updates Drilling Results
Communiqués de Presse de Q-Gold Resources Ltd.
20/02/2013(Crown King)Progress at Crown King, Arizona
18/01/2013s Operations
12/01/2012(Crown King)s Crown King Properties
03/05/2011Q-Gold Acquires Option on Historic Arizona Peck and Oriental...
28/04/2011Q-Gold Announces Intent to Option Platinum Properties
14/02/2011Q-Gold Announces Letter Agreement
14/12/2009Share Consolidation & New Trading Symbol
01/12/2009To Present at Agoracom Gold & Commodities Conference
11/06/2009Crown King, Arizona Gold Assays
29/09/2008Updates AGM Results and Foley De-Watering Program
26/08/2008Updates Foley De-Watering Program
27/05/2008 Options Arizona Base Metals Properties
26/03/2008Options Crown King, Arizona Gold/Silver Mines
01/02/2008Updates Exploration Programs
09/11/2007 Resources Press Release
27/08/2007Foley Gold Mine Rehabilitation Project
26/07/2007Acquires Additional Options on Patented Lands in Rainy River
19/07/2007Acquires Additional Prospective PGE and Copper/Nickel Acreag...
27/06/2007Prepares to Open Up Foley Gold Mine
31/05/2007Retains AGORACOM Investor Relations
20/02/2007Approval of Nipigon Gold Purchase/Mine Centre Exploration Up...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (QGR.V)FRANKFURT (QX9.F)
0,035+0.00%0,008-60.00%
TSX-V
CA$ 0,035
18/04 12:43 -
0%
Cours préc. Ouverture
0,035 0,025
Bas haut
0,025 0,035
Année b/h Var. YTD
0,010 -  0,070 75,00%
52 sem. b/h var. 52 sem.
0,010 -  0,070 75,00%
Volume var. 1 mois
5 230 16,67%
24hGold TrendPower© : 21
Produit
Développe
Recherche Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 27/11/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,66 AU$-0,71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,38 US$+0,98%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,52 GBX-0,76%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,65 CA$+0,38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,36 CA$+0,80%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,22 AU$+2,38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,90 CA$+1,06%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,99 US$+0,53%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :